Egypt Deputy Agriculture Minister for Animal Resources, Mona Mehrez has discussed in a meeting with Hungarian Ambassador in Cairo Peter Kveck means of boosting bilateral cooperation in the field of livestock.
The Egyptian National Media Authority (ENMA) has selected Rohde & Schwarz R&S THU9evo transmitters for a multi-million Dollar contract to support their DVB-T2 network.
Arab Organization for Industrialization inks contract to establish $8 million solar energy station in Eritrea
Arab Organization for Industrialization as signed a contract to establish a solar energy station in Eritrea with a total cost of $8 million.
The first tranche of the 400MW Benban solar power plant project in Egypt - 65 MW – has been connected to the grid and officially entered commercial operations.
Nafham to offer Canon has partnered with Nafham, a free online crowdsourced educational platform, to create an innovative photography and film making online course, ‘Hekayet Sora.’
Investment Minister Sahar Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation.
AXA Life Insurance Egypt and the Ahli United Bank of Egypt (AUB) have signed a new bancassurance agreement.
Global provider of open source solutions Red Hat, Inc. has announced that Vodafone Egypt has deployed Red Hat Cloud Suite to advance its customer-first digital transformation initiative.
IFC has entered into partnerships with Al Mansour, owner of prominent food retail chains in Egypt, to increase economic opportunities for women.
Harsco Corporation has announced that its Metals & Minerals division has further expanded an existing agreement with Egyptian Steel, the manufacturer of rebar and wire rods in the Middle East and North Africa.
Egypt Ministry of Petroleum has signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors.
IFC has launched a program to support the development of Egypt’s fintech space that will help startups extend crucial financial services.
IFC announced a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for Eastern Mediterranean and improve its energy infrastructure.
The Arab Organization for Industrialization (AOI) and the German federal institution for education have signed a protocol for vocational training.
European Investment Bank invests $15 million in Africa Industrialization Fund to support growth capital investments
The European Investment Bank has signed a commitment of $15 million with the SPE Africa Industrialization I Fund, targeting growth capital investments in SMEs and mid-market companies.
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
IFC, a member of the World Bank Group, is providing up to $100 million in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s maker of glass containers.
Chairperson and Managing Director of Suez Canal Bank, Hussein Refaei, inaugurated two new branches of the bank, bringing its branch network to 43.
Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service.
Telecom Egypt’s Ordinary General Assembly has appointed its board of directors for a new term of three years.
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
Egyptair has announced the expansion of its network by operating 3 weekly Direct (Non-stop) Flights to Washington (Dulles international airport) with its modern Boeing 787-9 (Dreamliner) aircraft.
Egypt Ministry of Planning, Follow-Up and Administrative Reform has signed a cooperation protocol with Visa Inc for electronic payment to help spread the culture of digital payment.
Telecom Egypt has announced that its Board of Directors has approved in its idea to proceed with a voluntary early retirement program to its employees.
UAE. Leading value-added distributor, SPECTRAMI announced today that it has appointed Yasser Ali, as the General Manager for Egypt, Levant and North Africa.
Google has announced the 12 African startups that will take part in its third Launchpad Accelerator Africa programme
Egypt is working with the Danish Energy Agency to develop more renewable energy in the North African country.
Nissan Motor Corporation has made known its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry.
Egypt’s mobile phone market saw shipments totaling 14.4 million units in 2018, according to the latest insights from International Data Corporation (IDC).
NINE from Nigeria, RiseUp from Egypt, and 22 On Sloane from South Africa have been named as the official Western, Northern, and Southern Africa regional for Jack Ma’s Africa Netpreneur Prize Initiative (ANPI) partners.
Microsoft Corp. and Telecom Egypt have announced their collaboration to extend Microsoft's cloud network to Egypt.
Nokia and Telecom Egypt have announced plans to build the first cloud infrastructure in Egypt exclusively for Internet of Things (IoT) services.
Telecom Egypt today announced that it has signed a Memorandum of Understanding (MoU) with Nokia to introduce 5G network and test use cases.
Aliko Dangote’s $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries.
Growth in hardcopy peripherals shipments across META highlights continued potential for print, IDC study
The overall META hardcopy peripherals market posted robust year-on-year growth in both units and value in 2018, according to the latest insights from IDC.
GSMA has unveiled its eighth annual ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape.
Telecom Egypt recorded consolidated profits of LE 3.49 billion during 2018, compared to LE 3.05 billion in 2017 including minority rights, with an increase of 14.26 percent.
The United Nations Industrial Development Organization (UNIDO) has launched the Better Cotton Initiative (BCI) pilot in the country to support the Egyptian Cotton branding.
IFAD and Egypt have signed a financing agreement to reduce poverty and enhance food and nutrition security for 450,000 rural people in the Matrouh Governorate.
Telecom Egypt and Vodafone Egypt reach agreements on transmission, infrastructure services and dividend distribution
Telecom Egypt (TE) and Vodafone Egypt have announced the signing of two ten-year transmission and infrastructure agreements with a total value of EGP 10.85bn.
Egyptian authorities have granted Eni two exploration blocks onshore Egypt, the first block assigned within the EGPC 2018 competitive bid round
Telecom Egypt and Orange Data have signed new agreement on bitstream access services.
Remittance Market, International, Domestic and Bill Payments, in Egypt is still in its growth stage and a large portion of the remittance has to be formalized.
Egypt has received grants worth €18 million for six development projects as part of the first phase of the European Union (EU) Cross Border Cooperation (CBC) program.
Radisson Hotel Group has signed six new hotels in Egypt as part of a portfolio deal across a number of its brands.
The Egyptian government, represented in the Ministry of Supply and Internal Trade has signed an agreement with LuLu Group International, which is specialized in retail trade.
The Organization for Economic Co-operation and Development (OECD) upgraded Egypt’s ranking in the Country Risk Classification to five.
Germany has invested at least $7.1 billion across different Egypt fields with some 1215 German companies operating in the country.
The Egyptian Exchange has started activating the MoU with Tunisian Stock Exchange in preparation for the 17th Joint High Committee Meetings which will be hosted by Tunisia in the first quarter of 2019.
The Egyptian Exchange has launched a new fixed-weighted index dubbed "EGX30 Capped" that will include the activities of top 30 companies in terms of liquidity.
The government of Egypt, being Telecom Egypt’s major shareholder with an ownership of 80%, has announced changing some of its representatives in Telecom Egypt’s Board of Directors.
Enterprise Holdings has announced its expansion into Egypt through a partnership with Premier Group.
Clarivate Analytics has partnered with the Egyptian Knowledge Bank to launch Converis and implement a national research management system.
Direct flights connecting Cairo to Serbia’s capital Belgrade will be resumed during 2019, after more than a decade of suspension.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
The Egyptian Exchange (EGX) has finished the process of developing the methodology of entering the listing companies into EGX 30 index, as per its attempts to increase the efficiency of all market indices.
Egypt and Tunisia have signed a working program to exchange expertise in the fields of sea fishing and fish farming for 2019/20.
“Egypt is an attractive and competitive location for production and supporting logistics. With the planned local assembly we are confident to be able to expand our market position."
The African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding.
Global vehicle manufacturer Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the company has said.
Until recently, Egypt’s government spent more on electricity subsidies than it spent on education, health care, and social welfare combined.
Egypt Petroleum Minister Tareq el Mulla has held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects.
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.
Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, in the North Alexandria region, Egypt.
To further address the needs of its clients, global consulting firm Protiviti has unveiled a new member firm in Cairo, Egypt.
Merck Foundation partners with National Cancer Institute of Egypt to provide Masters Degree in Medical Oncology for African doctors
Merck Foundation, the philanthropic arm of Merck Germany partners with Egypt’s National Cancer Institute to provide Master Degree in Medical Oncology for African doctors.
Dedicated freight subsidiary of Saudia, Saudia Cargo has opened its newest sales office at Cairo Cargo City inside Cairo International Airport.
Egypt's foreign currency reserves dropped by 4.4 percent to 42.5 billion U.S. dollars in December 2018, compared with 44.5 billion dollars in November.
Egypt is set to sign the fifth contract of extending financial and technical support offered by the Russian side to carry out Al Dabaa nuclear project.
EFG Hermes Leasing and HSBC Bank Egypt have signed a collaborative agreement that will help small and medium-sized enterprises (SMEs) get access to EGP400 million in leasing.
IFC is investing $1 million in Vezeeta, an Egyptian technology company that operates an online platform that allows patients to quickly find doctors.
Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection.
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.
Egyptian e-health startup Vezeeta has raised $1 million in additional funding from IFC to add to the $12 million in Series C financing it raised earlier this year to continue its international expansion.
Liquid Telecom has reached an agreement with CDC Group, the UK’s development finance institution, to invest $180m in the company.
The World Bank and Egypt have signed an agreement for a US$1 billion program to support the next phase of the country’s reform program.
The sale of a 20% participating interest to Mubadala Petroleum and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, have today been approved by the Egyptian Government.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
The North Africa mobile phone market, comprising Egypt, Tunisia, Algeria, and Morocco, saw year-on-year shipment growth of 11.5% in the third quarter of 2018.
Pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds (USD400m) in Egypt over the next three years.
IFC and Egypt’s Ministry of Investment and International Cooperation have selected over 100 high-potential start-ups to participate in a new initiative designed to spur innovation in Africa.
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
The World Bank has announced a new US$1 billion program to support the second generation of Egypt’s reform program.
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
Egypt has been elected as the executive president of the The Council of Arab Ministers of Communication and Information, with Saudi Arabia as vice president, for the next two years.
The International Trade Centre (ITC) will next year launch the SheTrades programme in Uganda and Egypt.
Telecom Egypt has adopted Nokia's Photonic Service Engine (PSE) technology to double backbone capacity on its Delta Region DWDM backbone network.
Implementing competition law and policy has an increasingly regional flavour as countries navigate the complex globalized world.
Egypt and the Eurasian Economic Union have signed a framework document for negotiations on the free trade agreement between both sides
Mexican investments in Egypt hit $950 million, in the fields of contracting, machinery parts factories, automobiles, technology, cement, petroleum, and veterinary medical materials.
Egypt's textile exports increased during January-September, 2018 by 10% to reach $678 million compared to $614 million during the same period last year.
Projects from Egypt’s private sector showed strongly at the just concluded Africa Investment Forum during which transactions close to US$50 billion were promoted by sponsors in three days of Boardroom sessions.
Liquid Telecom has extended the availability of Microsoft Azure from the Cape to Cairo, continuing its lead in the African cloud revolution.
The CEO of Petroleum & Petrochemicals, Mubadala Investment Company, Musabbeh Al Kaabi, and the CEO of Eni, Claudio Descalzi, have today signed an agreement for the sale of a 20% participating interest to Mubadala Petroleum.
TechnipFMC has signed an Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization of existing complex near Alexandria, Egypt
The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the fourth review of Egypt’s economic reform program, which is supported by the IMF’s SDR 8.597 billion .
Greater economic integration through increased investment flows into Africa
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
Egypt’s ministry of ICT has signed an agreement with Intertek, specialized in inspection, physical tests, and certification.
CR2, global banking software company, is negotiating with two banks operating in the Egyptian market to provide e-payment services, according to the company’s regional director Sherif Soliman.